The Institute of Directors will call tonight for corporation tax to be slashed
to 15 per cent and for the Government to abandon the 50 per cent top rate of
income tax.

Simon Walker, its new director general, will tell the institute’s annual
dinner that attracting business and investment to Britain must be at the
centre of government policy. “We’ve got a lot to do and lot to undo,” Mr
Walker will say.

He will urge the Chancellor to announce an intention to reduce the rate of
corporation tax to 15 per cent by 2020. George Osborne has said that